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What is BitShares?

BitShares (BTS) was developed in 2014 and is an efficient global payment network based on a decentralised platform. The BitShare platform is used for trading cryptocurrencies without intermediaries and is powered by the BitShares token (BTS).

  • BTS has several uses, its main appeal being the creation of smartcoins, which can be used for a multitude of different things such as reward points, or fiat-pegged tokens and IOUs.
  • BitShares main drawing point is its integrated decentralised exchange. This exchange allowes individuals to conduct trades without the need for a middle man
  • Due to the above, BitShares has been referred to as the world's first DeFi (decentralised finance) capable blockchain and token. BTS aims to use the concept of a digital public ledger to allow for the creation of distributed autonomous companies allowing for better service quality and a lower cost and aims to create companies that are global, transparent, efficient and profitable.

BitShares has continued to innovate, as being one of the first blockchains to use the Proof of Stake (PoS) protocol. Meaning that many transactions will be processed within 3 seconds or less also making it one of the fastest blockchains operating.

How do I swap BitShares?

Enter amount to swap
Select the quantity of BitShares you would like to swap.
Select coin to swap with
Select the coin you would like to swap with.
Confirm & swap
Click 'Swap' to confirm. Your coins will arrive in your wallet within minutes!

Learn more about BitShares

Why Should I Trade BTS with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over three million Australians. We make it easy to buy and sell BitShares no matter what your trading experience is. Unlike other international and Australian BitShares exchanges that require experience and technical knowledge, we make the entire trading process simple for beginners and advanced traders alike.

CoinSpot provides layered security and advanced support systems so you can buy BitShares with peace of mind and the comfort knowing support is available everyday to help. There are multiple trading options on our exchange that allow you to conveniently trade BitShares how you want to. You will feel familiar with CoinSpot from the beginning and have access to everything you need to buy, sell and manage your cryptocurrency.

How do you store your BitShares?

Storing on CoinSpot

Due to CoinSpot’s flexible Multicoin Wallet, storing your digital currency is simple. Just by creating your CoinSpot account you will automatically be given your own unique wallet where you can store your BitShares for free.

Cold Storage

If you are holding BitShares as a long term investment, you can utilise a cold storage wallet and send your coins there from your CoinSpot account. A cold wallet is a wallet which is completely offline (not connected to the internet) and is a popular option amongst people who prefer to hold their coins, rather than regularly trade.

Frequently asked questions

Right here! CoinSpot offers traders a fast, simple, easy and secure way to buy BitShares. We are trusted by over three million customers and with just a few clicks, you can exchange Australian Dollars or other cryptocurrencies for BitShares. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
BitShares has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As BitShares is a globally traded asset, the price can vary across the world based on order books, volume, exchange rates and service fees of each individual BitShares exchange.
Cryptocurrency differs from other traditional trading options as you can make fractional purchases, meaning you don’t have to buy whole coins. This means you can start investing in BitShares & other digital currencies with as little as $1!
Practicing safe investing is best treated as a shared effort. CoinSpot provides a list of security tips that we recommend putting into practice to ensure you’re keeping yourself secure. Step one to buying BitShares safely however is using a reputable exchange such as CoinSpot. We are the first Australian exchange to be awarded the internationally recognised ISO 27001 certification for security management and processes. Operating since 2013, we’re proud to say we’re Australia’s most trusted exchange. Start your BitShares portfolio here.
Yes! With CoinSpot you can convert your BitShares to AUD (Australian Dollars) instantly. You can also withdraw AUD to your Australian bank account for free with no withdrawal limits.

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